The Economic and Financial Crimes Commission (EFCC) and the Nigeria Deposit Insurance Corporation (NDIC), have opened discussions on how to synergize their efforts for the purposes of ensuring that the nation’s banking industry is secured from fraudulent activities and by implication, stabilize the financial system. The Executive Chairman of the EFCC, Mr. Ola Olukoyede, made this […]
NDIC Photo Caption The Nigeria Deposit Insurance Corporation (NDIC), Executive Director Corporate Services, Mrs. Emily Osuji, who represented the Corporation’s MD/CE, Bello Hassan, receiving the ‘Financial Institution of the Year 2023 Award’ from Silverbird TV Head Business Desk, Mr. David Ubabudike at the 2023 Silverbird Awards recently held in Lagos
Minister of State for Youth Development, Mr. Ayodele Olawande, has commended the Nigeria Deposit Insurance Corporation (NDIC) for its achievements in safeguarding depositors from the adverse impacts of bank failures. Specifically, the minister lauded the Corporation for consistently supporting the Central Bank of Nigeria (CBN) in overseeing the banking sector and contributing to the stability […]
In furtherance of its sustained efforts towards improving the efficiency of the nation’s financial system and ensure that depositors’ interests are protected at all times, the Nigeria Deposit Insurance Corporation (NDIC) has reiterated its commitment to supporting the efforts of the Central Bank of Nigeria (CBN) for sustainable growth of the economy. The corporation’s Managing […]
…..Debunks Misleading Reports on Liquidated 20 Banks The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that it had made cumulative payments of liquidation dividend totalling N45.45 billion representing amounts exceeding the guaranteed sums to depositors of the 20 liquidated banks as of July 2023. The corporation made the clarification in a statement issued by […]
The Nigeria Deposit Insurance Corporation (NDIC) reported that it had paid a total sum of N120,262,406 billion to depositors, creditors and shareholders of banks in-liquidation as at June 30 this year A senior staff of the corporation, Tanko Ibrahim, made this disclosure in Abuja during the 2023 World’s Savings Day event organised by the NDIC […]
The Nigeria Deposit Insurance Corporation (NDIC) has commended the Judiciary on its better understanding of the deposit insurance practice in the current drive towards promoting stability in the nation’s financial system. The corporation’s Managing Director/Chief Executive, Mr. Bello Hassan, gave the commendation in his welcome address at the 2023 Sensitization Seminar, organized by the corporation […]
The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has urged the Institute of Chartered Accountants of Nigeria (ICAN) to incorporate courses on the Deposit Insurance System (DIS) into its professional programmes and course modules. Hassan made the call during a courtesy visit by the Governing Council of the professional […]
The MSECB, a leading international provider of Audit and Certification Services has granted the Nigeria Deposit Insurance Corporation (NDIC) three ISO certifications on Information Security Management System ISO/IEC 27001:2013; IT Service Management System ISO/IEC 20000-1:2011; and Business Continuity Management System, ISO 2230. The first certification relates to how organizations manage and protect their information assets […]
The Nigeria Deposit Insurance Corporation (NDIC), has alerted depositors and ex-staff (deposits) of defunct Peak Merchant Bank of its preparations to pay their first liquidation dividend. A press statement signed by the corporation’s Director, Communication and Public Affairs, Bashir Nuhu, indicated all affected depositors of the bank and former employees with deposits in the bank […]